Facebook is gunning for creator-subscription service Patreon’s business—but on much less generous terms.
According to TechCrunch, a “policy document” shows that its Fan Subscriptions feature, which has only been made available to a tiny number of creators so far, shows that Facebook wants up to a full 30 percent cut of subscription revenues (minus processing fees). That’s far less generous than Patreon, which takes a five percent cut. Additionally, TechCrunch added, the payouts will be further reduced by the “15 to 30 percent tax Apple and Google levy on iOS and Android in-app purchases.”
Read the whole article https://gizmodo.com/facebooks-patreon-clone-wants-to-pocket-up-to-six-times-1832918942